Investopedia: Exelon's Discount May Offer An Opportunity
It feels like investors and analysts have spent the better part of two
decades arguing that power prices in regions like the Midwest and
Mid-Atlantic should be higher than they are. Along the way, several
independent power producers ((including Dynegy (OTC:DYNIQ))
have faltered badly as consumer-friendly regulators and stubbornly
lower power prices have made this a perennial "wait 'til next year"
market. With power prices recently testing historical lows, Exelon (NYSE:EXC) shares have been quite weak. Is this an undervalued high-quality utility story, or just another utility doomed to struggle with lower-than-expected power prices in its core regions?